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Australian Election 2025 Betting and Odds

Australia's Prime Minister Anthony Albanese holds a Medicare card as he speaks during a press conference at Parliament House in Canberra on March 28, 2025. Getty.
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​The Australian federal election is scheduled for Saturday, May 3, 2025. This election is significant as it determines the composition of the 48th Parliament of Australia, with all 150 seats in the House of Representatives and 40 of the 76 Senate seats up for contest. ​

Prime Minister Anthony Albanese is seeking re-election for a second term under the Labor Party, emphasizing policies on economic recovery, healthcare, and climate change. Opposition Leader Peter Dutton, heading the Liberal-National Coalition, focuses on economic management, tax reductions, and national security. ​